DLS 0.00% 69.0¢ drillsearch energy limited

ORG announced they intend to exit the CB. King sez it 'won't be...

  1. DSD
    15,757 Posts.
    ORG announced they intend to exit the CB. King sez it 'won't be a firesale' but who is going to buy these assets at any normal sort of price. He reckons 'CB is mature' but 'still contains good deposits of gas' i.e. better suited to smaller firms. DLS is highly cashed-up and will make a bid or two IMO. They'll probably get some decent ground at less than half the rate of just 12 months ago. Afterall, who else is likely to bid?
    Last edited by DSD: 02/10/15
 
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